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We're at the peak of the selling season and it's certainly a busy one. The homes closing in June and early July are the result of contracts written in May when the market begins to really cook. Typically, after school lets out, we see a fury of buy/sell activity and this year is no different. Every month, at least one area of the regions is hitting a new record value (Loveland/Berthoud &…Read More
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School is out, pools are open and summer is heating up! I cannot believe we are already into the meat of the selling season in Northern Colorado. In late 2018, several forecasters were predicting a bit of a slower season, but all signs are pointing to continued gains in appreciation as we head into the second half of the year. Buoyed by strong demand and continually declining interest rates, b…Read More
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If you've been in the Northern Colorado real estate market in the last 5 years, you know just how tough it is and how much competition you're up against. There's not much for sale, and then when you're finally able to get a showing scheduled, you have to make a quick decision, and you're likely competing against multiple bidders, all above list price, waiving all kinds of contingencies, too. I…Read More
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It's been the same story for the last several months: increased competition, lack of available inventory, and continued low interest rates. It's always interesting to see how the spring selling season will start, with a whimper or a bang. This year, it's a bit in between the two. So far through April, it's a bit of a mixed bag in the three markets I analyze. In the more affordable markets,…Read More
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Last month, I painted a pretty dire picture of what 2019 could look like if buyers continued to sit on the sidelines, waiting out the lowest of the low inventory. And just like that, buyers are back in full force, home sale figures are (generally) up, and inventory levels are up, too. Another added bonus, interest rates are down from the 3rd and 4th quarter of 2018, making the springtime a v…Read More
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In what can only be described as a very surprising and unanticipated departure from my sexy, stimulating real estate market updates, I'm going to put on my woo-woo pants and talk a little bit about feelings and personal mindset. Yes, this robot has feelings. Many more have come to the surface as a dad, but yes, I've got feelings. In an industry and world where I am often told no, I have to work my…Read More
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It looks as if both home buyers and home sellers decided to really take some time off over the holidays - near record low sales in January were the result of very few purchase contracts written in the Thanksgiving through Christmas time frame. Traditionally, January is the month with the fewest sales and 2019 kept right on trend. Much of the lower sales numbers can also be attributed the fact th…Read More
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Another year has come and gone. If you were in the Northern Colorado real estate market, or even if you were just on the sidelines, you knew just how dynamic the market was in 2018. 2018 was another year of records, and a few outlier months that left us scratching our heads. Every year is different and 2019 is shaping up to be another interesting year in real estate. Let’s see how we fin…Read More
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Now that we're past October and nearing the home stretch in 2018, Northern Colorado real estate is really a tale of two markets. Furthermore, these markets are not necessarily easy to interpret. The two separate markets are the "affordably priced" and the "not-so-affordably priced" homes. Greeley/Evans is still affordable, whereas Fort Collins and the Loveland/Berthoud markets are still on t…Read More
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While the headline "prices reverse course" can seem ominous, we need to put it in the right perspective. First, as indicated below, all median values are up nearly between 9.6% and 12.11% as compared to 2017 values. 10%+ value increases are nothing to sneeze at - it is generally a $40,000+ appreciation in a median home in just one year. Your house has a reasonable full time job! Additional…Read More
